(Hong Kong, 19 December 2017) – Chuang’s Consortium International Limited (“Chuang’s Consortium” or “the Group”) (HKSE: 0367) is pleased to announce that it has won the tender for the Reclamation Street / Shantung Street Project as tendered by the Urban Renewal Authority (“URA”) in partnership with Sino Land Company Limited (“Sino Land”) (HKSE: 0083).

The Group’s management is delighted to express, “We are excited about the opportunities that lie ahead for this project, and will work closely with Sino Land and the URA to develop quality residential property.”

The site is well located in the heart of the Mongkok district, neighbouring Langham Place. It covers an area of approximately 1,389 square metres. Upon completion, it is expected to provide a total residential gross floor area of about 10,424 square metres and 2,085 square metres of commercial gross floor area.

The acquisition will further broaden Chuang’s Consortium’s project portfolio, and fit into the vision of the Group in Hong Kong.